REGISTERED NUMBER: 04859554 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Naked Ideas Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Slater

Mrs A Vanderputt

SECRETARY:

REGISTERED OFFICE:

84 Eccleston Square

London

SW1V 1PX

REGISTERED NUMBER:

04859554 (England and Wales)

ACCOUNTANTS:

Accounting by Design (UK) Limited

302 Cirencester Bsness Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

FIXED ASSETS

Intangible assets

4

27,500

33,000

Tangible assets

5

13,254

13,220

40,754

46,220

CURRENT ASSETS

Debtors

6

249,041

141,324

Investments

7

-

634

Cash at bank

134,190

373,371

383,231

515,329

CREDITORS

Amounts falling due within one year

8

301,156

267,014

NET CURRENT ASSETS

82,075

248,315

TOTAL ASSETS LESS CURRENT LIABILITIES

122,829

294,535

CREDITORS

Amounts falling due after more than one year

9

(49,833

)

(95,834

)

PROVISIONS FOR LIABILITIES

(2,518

)

(2,512

)

NET ASSETS

70,478

196,189

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

70,358

196,069

SHAREHOLDERS' FUNDS

70,478

196,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

J Slater - Director

1.	STATUTORY INFORMATION

Naked Ideas Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

55,000

AMORTISATION

At 1 April 2024

22,000

Charge for year

5,500

At 31 March 2025

27,500

NET BOOK VALUE

At 31 March 2025

27,500

At 31 March 2024

33,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

79,900

Additions

7,855

At 31 March 2025

87,755

DEPRECIATION

At 1 April 2024

66,680

Charge for year

7,821

At 31 March 2025

74,501

NET BOOK VALUE

At 31 March 2025

13,254

At 31 March 2024

13,220

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

222,343

114,180

Other debtors

6,049

3,305

228,392

117,485

Amounts falling due after more than one year:

Other debtors

20,649

23,839

Aggregate amounts

249,041

141,324

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Other

-

634

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

46,000

46,000

Trade creditors

1,771

32,240

Taxation and social security

53,594

30,999

Other creditors

199,791

157,775

301,156

267,014

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

49,833

95,834